NEW DELH/COLOMBO, Jan 24 (Reuters) – The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it will support the country’s efforts to secure a $2.9 billion loan from the International Monetary Fund, according to a letter reviewed by Reuters. India wrote to the IMF earlier this month,…
DetailsSJB MP Dr. Harsha de Silva The main Opposition Samagi Jana Balawegaya (SJB) yesterday welcomed debt relief support by China and India, the first and third largest bilateral creditors to Sri Lanka. By Darshana Abayasingha The main Opposition Samagi Jana Balawegaya (SJB) yesterday welcomed debt relief support by China and India, the first and third…
DetailsA South Australian manufacturer that launched over a decade ago could be one of the states biggest corporate insolvencies as it was revealed it collapsed owing a whopping $70 million to 530 creditors. Another casualty was the collapse of its sister company Nexteel, which produced pre-painted steel, and went under owing $18 million to 130…
DetailsThousands of customers may no longer receive their orders from an online furniture and homewares retailer after its administration recommended winding up the company. Administrators have recommended winding up Brosa after it was sold to Kogan.com for $1.5 million in December 2022 when it fell into voluntary administration. The company entered administration with $4.3 million…
DetailsBut the liquidators said further investigation would be required to see whether an insolvent trading claim existed and they had insufficient funding to proceed further. Regardless, the cost of running an insolvent trading case would exceed the actual claim made by the ATO as the sole creditor, the liquidator report said. The report noted, however,…
DetailsNEW YORK, Jan 24 (Reuters) – The holidays are over, but hopefully you took away some lasting memories. Some of them were priceless and others came at a price. For the latter, here is the bad news: it is January and the bill has come due. Some call it the holiday debt hangover, and this…
DetailsDORAVILLE, Ga.–(BUSINESS WIRE)–Serta Simmons Bedding, LLC (SSB or the company), one of the leading global sleep companies, today announced that the company is taking steps to strengthen its financial position as it continues to support long-term growth. SSB has entered into a Restructuring Support Agreement with key financial stakeholders that will significantly reduce the companys…
DetailsBy Kimberly Palmer Here are some ways you can tackle debt paydown, from finding extra money to debt consolidation This article is reprinted by permission from NerdWallet. The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to…
DetailsAfter years of being in debt, Rachel Kramer Bussel came to a realisation: If I dont become proactive about it, I will be in debt for the rest of my life. For Ms Bussel, a freelance writer from New Jersey, that meant scaling back spending and putting any available money towards the debt principal. Starting…
DetailsThe Perth accountant who pocketed millions in fees over the drawn-out liquidation of Alan Bonds billion-dollar Bell Group has found his company on the other end of a wind-up order at the hands of the tax boss. The Commissioner of State Revenue has launched Federal Court action to have company Anthemis wound up, an entity…
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